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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Surrey Bancorp Inc (PK) | USOTC:SRYB | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.70 | 16.50 | 17.37 | 0.00 | 01:00:00 |
SURREY BANCORP
|
(Exact name of registrant as specified in its charter)
|
North Carolina
|
0000-50313
|
59-3772016
|
||
(State or other jurisdiction of incorporation)
|
(Commission File No.)
|
(I.R.S. Employer Identification No.)
|
145 North Renfro Street, Mount Airy, NC
|
27030
|
|
(Address of principal executive offices)
|
(Zip Code)
|
Not Applicable
|
(Former name of former address, if changed since last report
|
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c)) |
Exhibit No. | Description |
99.1 | Press release dated April 22, 2015 |
SURREY BANCORP
|
|
Date: April 22, 2015
|
By: /s/ Mark H. Towe
|
Mark H. Towe, Chief Financial Officer
|
Post Office Box 1227
Mount Airy, North Carolina 27030
Telephone: (336) 783-3900
Fax: (336) 789-3687
Email: surreybank@surreybank.com
|
For Immediate Release
April 22, 2015
|
For additional information, please contact
Ted Ashby, CEO, or Mark Towe, CFO
(336) 783-3900
|
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share amounts)
|
|
March 31
2015 |
December 31
2014 |
March 31
2014 |
|||||||||
|
(unaudited)
|
(unaudited)
|
||||||||||
Total assets
|
$
|
256,245
|
$
|
253,201
|
$
|
250,390
|
||||||
Total loans
|
192,561
|
193,104
|
182,392
|
|||||||||
Investments
|
48,843
|
43,510
|
52,507
|
|||||||||
Deposits
|
209,907
|
206,667
|
205,116
|
|||||||||
Borrowed funds
|
6,250
|
6,250
|
7,750
|
|||||||||
Stockholders’ equity
|
37,459
|
36,771
|
34,850
|
|||||||||
Non-performing assets to total assets
|
1.10
|
%
|
1.29
|
%
|
1.66
|
%
|
||||||
Loans past due more than 90 days to total loans
|
0.01
|
%
|
0.03
|
%
|
0.03
|
%
|
||||||
Allowance for loan losses to total loans
|
1.78
|
%
|
1.84
|
%
|
1.85
|
%
|
||||||
Book value per common share
|
$
|
9.46
|
$
|
9.27
|
$
|
8.74
|
CONSOLIDATED FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share amounts)
|
|
For the Three Months
Ended March 31, |
|||||||
|
2015
|
2014
|
||||||
Interest income
|
$
|
2,720
|
$
|
2,633
|
||||
Interest expense
|
297
|
347
|
||||||
Net interest income
|
2,423
|
2,286
|
||||||
Recapture of loan losses
|
(114
|
)
|
(62
|
)
|
||||
Net interest income after recapture of loan losses
|
2,537
|
2,348
|
||||||
Noninterest income
|
625
|
582
|
||||||
Noninterest expense
|
2,033
|
1,868
|
||||||
Net income before taxes
|
1,129
|
1,062
|
||||||
Provision for income taxes
|
401
|
386
|
||||||
Net income
|
728
|
676
|
||||||
Preferred stock dividend declared
|
45
|
45
|
||||||
Net income available to common shareholders
|
$
|
683
|
$
|
631
|
||||
Basic net income per share
|
$
|
0.19
|
$
|
0.18
|
||||
Diluted net income per share
|
$
|
0.17
|
$
|
0.16
|
||||
Return on average total assets 1
|
1.15
|
%
|
1.11
|
%
|
||||
Return on average total equity 1
|
7.85
|
%
|
7.84
|
%
|
||||
Yield on average interest earning assets
|
4.68
|
%
|
4.74
|
%
|
||||
Cost of funds
|
0.57
|
%
|
0.68
|
%
|
||||
Net yield on average interest earning assets
|
4.17
|
%
|
4.12
|
%
|
||||
Overhead efficiency ratio
|
66.69
|
%
|
65.12
|
%
|
||||
Net charge-offs/average loans
|
0.01
|
%
|
(0.03
|
)%
|
1 | Annualized for all periods presented. |
1 Year Surrey Bancorp (PK) Chart |
1 Month Surrey Bancorp (PK) Chart |
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